【Next Week Macro Schedule Reminder】

This week, several major economic data releases have occurred.

**January 12 (Monday)**
New York Fed 1-year inflation expectations are announced. If expectations remain high, the market's anticipation of "higher interest rates for a longer duration" will be reinforced, putting significant pressure on risk assets.

**January 14 (Wednesday)**
Federal Reserve Beige Book release — this document reflects the true economic conditions across regions. Pay close attention to employment-related descriptions; if signals of "softening" appear, it could become a market turning point.

**January 15 (Thursday)**
CPI data is released. The key focus is whether housing costs can show a significant slowdown. This indicator tends to be sticky; if it remains above expectations and difficult to decline, market volatility may suddenly increase, and the trend could be determined at this point.

**January 16 (Friday)**
Consumer Confidence Index preliminary release, bank earnings reports begin simultaneously, plus options expiration day — multiple factors combined may disturb liquidity.

It is advisable to set psychological expectations in advance. Be patient and wait for the market to digest the information before taking action; this is often much more composed than rushing to chase risks.